Builders FirstSource (NYSE:BLDR) Research Coverage Started at William Blair

William Blair initiated coverage on shares of Builders FirstSource (NYSE:BLDR) in a research report report published on Thursday, MarketBeat.com reports. The brokerage issued an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on BLDR. DA Davidson cut their price objective on Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Jefferies Financial Group decreased their price objective on shares of Builders FirstSource from $112.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reduced their target price on Builders FirstSource from $117.00 to $102.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. Stifel Nicolaus dropped their target price on Builders FirstSource from $124.00 to $115.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Finally, Loop Capital dropped their price target on shares of Builders FirstSource from $145.00 to $140.00 in a report on Friday, October 31st. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $127.39.

Builders FirstSource Price Performance

BLDR stock opened at $104.06 on Thursday. The firm has a 50 day simple moving average of $114.86 and a two-hundred day simple moving average of $119.25. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.16. The stock has a market cap of $11.51 billion, a PE ratio of 26.82, a P/E/G ratio of 2.55 and a beta of 1.56. Builders FirstSource has a one year low of $94.35 and a one year high of $151.03.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.18). The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The firm’s revenue was down 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.31 earnings per share. On average, analysts predict that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

Institutional investors have recently modified their holdings of the business. Capital International Investors acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $429,640,000. Northwestern Mutual Wealth Management Co. raised its holdings in Builders FirstSource by 99,084.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock valued at $230,634,000 after buying an additional 2,239,301 shares during the period. Franklin Resources Inc. lifted its position in Builders FirstSource by 2,498.8% in the third quarter. Franklin Resources Inc. now owns 1,854,525 shares of the company’s stock valued at $224,861,000 after buying an additional 1,783,164 shares during the last quarter. Sands Capital Management LLC lifted its position in Builders FirstSource by 139.1% in the third quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock valued at $294,747,000 after buying an additional 1,414,129 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Builders FirstSource by 235.1% during the third quarter. Victory Capital Management Inc. now owns 1,893,483 shares of the company’s stock worth $229,585,000 after buying an additional 1,328,363 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.